M/I Homes plans paydown under $400 million revolver via notes issue

By Susanna Moon

Chicago, Nov. 23 – M/I Homes, Inc. said it plans to repay debt under its $400 million unsecured revolving credit facility using proceeds of a new notes issue.

The company also plans to redeem all $230 million principal amount of its outstanding 8 5/8% senior notes due 2018, according to a company press release.

M/I Homes plans to offer $300 million principal amount of senior notes due 2020 under Rule 144A and Regulation S.

M/I Homes builds single-family homes and is based in Columbus, Ohio.

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